Tax Insights > Budget Edition: 2021 Budget Insights

Budget Edition: 2021 Budget Insights

November 9, 2020 Tax Insights

The Malaysian 2021 Budget was announced on 6 November 2020 by the Minister of Finance. The 2021 Budget has an allocation of RM322.5 billion, higher than the previous allocation of RM314.7 billion. The increase in allocation is intended to stir economic recovery by contributing to the well-being of the people, enabling business continuity and developing economic resilience. Using a targeted approach, the 2021 Budget allocation is aimed at striving to achieve a balance between the Government’s financial sustainability, reducing the urban and rural development gap and upholding the enablers required to shape the economy.

The 2021 Budget is anchored on Three Integral Goals:

  • Well Being of the People;
  • Business Continuity; and
  • Economic Resilience.

Feel free to download the full version:

For more information, please contact:

Celine See
Tricor Services (Malaysia) Sdn Bhd
Director, Business Development

Tel: +6 03 2783 9191
Email: [email protected]

For other Tricor services, please email to [email protected] or visit to www.tricorglobal.com

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